#rivian

#rivian

With the announcement of a new plant in Georgia made earlier this month, and a deal with Volkswagen several months ago, it looked like Rivian Automotive Inc. ( NASDAQ: RIVN), which has lost billions of dollars and will probably lose billions more, was on the road to a better future. However, the National Highway Traffic Safety Administration reported it had begun a preliminary investigation into 17,198 Rivian electric delivery vans over seat belt flaw concerns.

This was the 10th year that the auto firm has conducted its study. Based on the raw scores of automakers in the survey, Tesla was the clear winner with a rating of 873 points out of 1,000. As noted in a CarUp report, Tesla's ratings was more than twice as much as veteran automakers like Volkswagen or Toyota, which scored 432 and 436 points, respectively.

The Rivian Adventure Network is retrofitting over 400 DC fast chargers in the U.S. to support Tesla's NACS connectors, enhancing compatibility for EVs.

RJ Scaringe transferred about 4 million shares and 6 million options valued at roughly $130 million to his ex-wife as part of a divorce settlement.

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, bringing its valuation to $1 billion.

Rivian's 2026 Quad-Motor pickup truck and SUV offer 1,025 horsepower, 1,198 pound-feet of torque, and rapid acceleration from 0-60 mph in under 2.5 seconds.

Rivian targets environmentally friendly, outdoorsy family buyers, while Tesla caters to tech-focused consumers with a futuristic, immersive showroom experience.